Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.51 | 0.71% |
| Return on Equity (%) | ▲ | 7.56% | +3.21 | 4.35% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.41 | 2.68% |
| Efficiency Ratio (%) | ▲ | 58.61% | -7.06 | 65.67% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.81 | $5 |
| Cost of Funds (%) | ▲ | 2.29% | -0.38 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,423 | +90.89 | $2,332 |
| Gross Loans ($M) | ▲ | $1,899 | +104.40 | $1,795 |
| Loan Growth YoY (%) | ▲ | 105.62% | +9.42 | 96.20% |
| Total Deposits ($M) | ▼ | $1,776 | -65.65 | $1,842 |
| Shareholders Equity ($M) | ▲ | $394 | +8.68 | $385 |
| Tang. Book Value ($M) | ▲ | $276 | +10.54 | $265 |
| TBV excl. AOCI ($M)** | ▲ | $289 | +11.51 | $278 |
| Loan / Deposit Ratio (%) | ▲ | 105.62% | +9.42 | 96.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.17 | 0.51% |
| Allowance / Loans (%) | — | 1.24% | -0.06% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.83% | +0.19 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.04% | -0.45 | 13.49% |
Noninterest income ($3.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▁▂▄█ | Net Interest Margin (%) | 2.68% | 2.73% | 2.77% | 2.68% | 2.73% | 2.78% | 2.86% | 3.10% |
| ▇█▇▁▁▄▅█ | Return on Assets (%) | 1.14% | 1.19% | 1.12% | 0.71% | 0.78% | 0.96% | 1.00% | 1.23% |
| ▃▂▃██▃▅▁ | Efficiency Ratio (%) | 60.8% | 60.5% | 61.1% | 65.7% | 66.7% | 61.5% | 63.6% | 58.6% |
| ██▆▄▅▄▄▁ | Cost of Funds (%) | 3.05% | 3.09% | 2.87% | 2.67% | 2.70% | 2.68% | 2.59% | 2.29% |
| ▁▁▅▄▅█▇▇ | NPA / Assets (%) | 0.25% | 0.29% | 0.52% | 0.51% | 0.54% | 0.79% | 0.69% | 0.68% |
| ▁▁▄▄▅█▇▆ | Net Charge-Off Ratio (%) | 0.32% | 0.37% | 0.66% | 0.64% | 0.69% | 1.02% | 0.87% | 0.83% |
| ▁▄▅▆▇▇██ | Tang. Book Value ($M) | $246 | $258 | $261 | $265 | $270 | $270 | $273 | $276 |
| ▅▃▂▁▃█▆█ | Gross Loans ($M) | $1,848 | $1,832 | $1,815 | $1,795 | $1,834 | $1,896 | $1,866 | $1,899 |
| ▂▁▅▆█▆▆▁ | Total Deposits ($M) | $1,792 | $1,779 | $1,824 | $1,842 | $1,867 | $1,836 | $1,834 | $1,776 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 27% |